Deutsche ReGas: BASF, Equinor book Mukran regas capacity

Deutsche ReGas said on Wednesday that it had agreed individual long-term-commitments in an industrial scale with BASF and Equinor for the use of LNG regasification capacity at the “Deutsche Ostsee” terminal.

The parties have agreed to keep the remaining terms of the contract confidential, the Mukran LNG terminal operator said.

“We are proud to support the energy security of one of the leading chemical companies and to work with the leading supplier of natural gas for Germany and Europe,” Ingo Wagner, CEO of Deutsche ReGas, said.

The Mukran LNG terminal currently consists of the 2009-built 145,000-cbm, FSRU Neptune, after Deutsche ReGas terminated the charter contract for the 174,000-cbm FSRU Energos Power with the German government.

The FSRU Neptune is 50 percent owned by Hoegh Evi and sub-chartered by Deutsche ReGas from French energy giant TotalEnergies, who also holds capacity rights at the Mukran facility along with trader MET.

In June, Deutsche ReGas and Germany’s Ministry for Economic Affairs and Energy reached a mutual agreement on resolving the sub-charter agreement for the FSRU Energos Power.

Deutsche Regas also revealed plans in March this year to reinstall a second FSRU at the Mukran facility.

The Mukran facility is the only FSRU-based terminal in Germany operated by a private firm.

Germany’s state-owned LNG import terminal operator DET just launched commercial operations at its second FSRU-based terminal in Wilhelmshaven.

In addition to two facilities in Wilhelmshaven, DET operates the Brunsbüttel facility.